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Detailed text transcripts for TV channel - MSNBC - 20111206:17:43:00

friend and former colleague at politico, how confident is the administration right now that geithner is there that he can help shepherd this deal in europe to have a situation put in place where there are new controls on the outliers in europe and their debt washington. then you have the ecb step in to help rescue that would be the european central bank. to buy up debt, get a final resolution to this. it s the biggest problem hanging over obama s re-election right now. if the euro craters obama loses. how are they feeling inside the white house and treasury? you put it exactly right. there s a lot on the line here. geithner notes going over there he doesn t have a lot of ammunition to bring this this fight. he can t come in with some sort of magical american bailout here. he doesn t have a t.a.r.p. program for europe politically in the united states and here on capitol hill where i am right now. that would be near on to impossible. so what he has to do is go over there and ja

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